Saturday 17 October 2026
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Core Scientific, Inc.
CORZ Technology Software Infrastructure
Core Scientific, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $319.0 million, down 37.5% from fiscal 2024. In the quarter to June 2026, revenue grew 108.8%, EPS fell 12.7%, free cash flow fell 852.1% and total debt rose 306.4%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
13.48
0.98
−6.78%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | — | — | — | 2.61 | 6.20 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | — | — | — | 18.63 | 23.63 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | — | 235 | 286 | 325 | 325 | ||||
| Revenue/emp, $m | — | — | — | — | 0.00 | 0.00 | 2.72 | 1.76 | 1.57 | 0.98 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | 60 | 544 | 640 | 502 | 511 | 319 | ||||
| Gross margin, % | — | — | — | — | 15.57 | 43.87 | 1.31 | 24.57 | 23.71 | 11.88 | |||||
| EBT | — | — | — | — | (12) | 63 | (2,163) | (246) | (1,437) | (288) | |||||
| EBT margin, % | — | — | — | — | (20.24) | 11.58 | (337.87) | (48.93) | (281.40) | (90.29) | |||||
| Net income | — | — | — | — | (12) | 47 | (2,146) | (246) | (1,438) | (289) | |||||
| Depreciation | — | — | — | — | 11 | 35 | 1,883 | 97 | 124 | 86 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 0.38 | 2.63 | 1.88 | 1.32 | 2.00 | 1.00 | ||||
| Earnings | — | — | — | — | (0.08) | 0.23 | (6.30) | (0.65) | (4.39) | (0.88) | |||||
| Cash flow | — | — | — | — | (0.15) | (0.27) | 0.60 | 0.17 | 0.17 | 0.87 | |||||
| Capex | — | — | — | — | (0.01) | (0.28) | (1.73) | (0.04) | (0.37) | (2.31) | |||||
| Free cash flow | — | — | — | — | (0.16) | (0.56) | (1.13) | 0.13 | (0.20) | (1.44) | |||||
| Book value | — | — | — | — | 0.00 | 6.47 | (1.20) | (1.57) | (3.69) | (3.03) | |||||
| Shares, m | — | — | — | — | 158 | 207 | 341 | 380 | 256 | 318 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| P/S | — | — | — | — | 2.60 | 2.60 | 2.60 | 2.60 | 7.04 | 14.52 | |||||
| P/B | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| EV/Sales | — | — | — | — | 3.90 | 3.90 | 3.90 | 3.90 | 7.50 | 16.86 | |||||
| EV/FCF | — | — | — | — | 40.67 | 40.67 | 40.67 | 40.67 | (73.26) | (11.76) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | (24) | (57) | 205 | 65 | 43 | 278 | ||||
| Capex | — | — | — | — | (2) | (59) | (591) | (17) | (95) | (736) | |||||
| Free cash flow | — | — | — | — | (25) | (115) | (386) | 48 | (52) | (457) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | 436 | (102) | (391) | 769 | 114 | ||||
| Total debt | — | — | — | — | — | 714 | — | 720 | 1,074 | 1,060 | |||||
| Net debt | — | — | — | — | — | 583 | (52) | 650 | 237 | 749 | |||||
| Shareholders’ equity | — | — | — | — | — | 1,341 | (409) | (597) | (943) | (963) | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | 0.00 | 3.88 | (132.22) | (32.44) | (131.43) | (15.10) | ||||
| ROIC | — | — | — | — | 0.00 | 4.27 | 0.00 | 10.53 | 0.00 | 0.00 | |||||
| ROE | — | — | — | — | 0.00 | 0.00 | (460.65) | 48.99 | 186.74 | 30.29 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Core Scientific, Inc. vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| BOX Box, Inc. | $5.4B | 54.9× | 64.3× | +9.23% (above 0%: growing) | +66.67% (above 0%: growing) | +65.84% (above 0%: growing) | 79.08% | 10.16% | Compare |
| ACIW ACI Worldwide, Inc. | $5.3B | 24.0× | 17.0× | +7.27% (above 0%: growing) | +158.33% (above 0%: growing) | +35.07% (above 0%: growing) | 42.18% | 10.37% | Compare |
| RELY Remitly Global, Inc. | $5.2B | 16.7× | 28.8× | +20.23% (above 0%: growing) | +3,166.67% (above 0%: growing) | +197.33% (above 0%: growing) | 62.07% | 13.47% | Compare |
| BB BlackBerry Limited | $5.1B | 59.9× | 67.1× | +26.00% (above 0%: growing) | +200.00% (above 0%: growing) | +1,470.59% (above 0%: growing) | 77.83% | 20.58% | Compare |
| BLSH Bullish | $4.8B | — (loss-making) | — (loss-making) | −44.34% (below 0%: shrinking) | n/m | +2.25% (above 0%: growing) | 0.25% | (0.87%) | Compare |
| CORZ Core Scientific, Inc. | $4.6B | — (loss-making) | — (loss-making) | +108.83% (above 0%: growing) | n/m | −852.12% (below 0%: shrinking) | 42.66% | (47.79%) | |
| TENB Tenable Holdings, Inc. | $4.3B | 701× | 245× | +8.58% (above 0%: growing) | n/m | +4.67% (above 0%: growing) | 77.53% | 4.61% | Compare |
| DLO DLocal Limited | $4.3B | 21.0× | 14.1× | +55.84% (above 0%: growing) | +26.67% (above 0%: growing) | +12.57% (above 0%: growing) | 31.81% | 16.05% | Compare |
| PAY Paymentus Holdings, Inc. | $4.1B | 47.1× | 31.9× | +28.80% (above 0%: growing) | +66.67% (above 0%: growing) | +73.67% (above 0%: growing) | 26.14% | 9.04% | Compare |
| Median of peers | $5.0B | 47.1× | 31.9× | +14.73% | +112.50% | +50.46% | 52.13% | 10.26% |
Core Scientific, Inc. (CORZ) key facts
- Concern: Core Scientific, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $319.0 million, down 37.5% from fiscal 2024.
- Core Scientific, Inc. (CORZ) is a Software Infrastructure company in the Technology sector, listed on Nasdaq.
- As of October 16, 2026, CORZ traded at $13.48, a market capitalization of $4.6 billion.
- Return on equity was 30.3% and debt-to-equity -1.78.
- Its Piotroski F-score is 4 out of 9 and its Altman Z-score is −1.78 (distress zone) for fiscal 2025.